Decatur, Decatur County, Iowa Property Taxes

Name: Property Tax Bills Across Decatur, Decatur County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Decatur, IA effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Decatur, IA home value: $49,526
Median annual Decatur, IA tax bill: $722, $1,678 lower than the national median property tax bill of $2,400.

How are property taxes in Decatur calculated?

Property taxes in Decatur, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Decatur’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Decatur, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Decatur, Decatur County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$683

$634

Ownwell’s Decatur Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Decatur with just two data points. By entering your property's estimated assessed value, our calculator applies Decatur’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Decatur. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Decatur, Decatur County, Iowa

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Decatur County, Iowa, the effective property tax rate in Decatur is reflective of the county's budgetary needs and property values. The median property tax rate in Iowa is 1.38%, which is higher than the national median of 1.02%. This means that property owners in Decatur might pay a higher percentage of their property's assessed value in taxes compared to the national average. Understanding these variations can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By comparing Decatur's effective property tax rate to other cities in Iowa and the national median, property owners can gain insight into their tax liabilities and explore potential savings opportunities.

Property Tax Rates Across Decatur, Decatur County, Iowa

Source: Ownwell

1.12%

1.55%

1.99%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Decatur Tax Rate

1.38%

Median Effective Decatur County Tax Rate

1.59%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Decatur, Decatur County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50067	0.64%	1.03%	1.38%	1.77%	2.33%

Source: Ownwell

Property Tax Assessment Values Across Decatur, Decatur County, Iowa

When examining property taxes in Decatur, Iowa, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Decatur County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Decatur County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Decatur. For example, the median home price in Decatur is $49,526, with tax bills ranging significantly across the county. Zip code 50067 has the highest median home price at $49,526.

Property Tax Assessment Values Across Decatur, Decatur County, Iowa

Source: Ownwell

$24,310

$69,241

$114,172

Median Decatur Market Value

$49,526

Median Decatur County Market Value

$57,520

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Decatur, Decatur County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50067	$3,180	$11,720	$49,526	$106,158	$193,376

Source: Ownwell

Property Tax Bills Across Decatur, Decatur County, Iowa

In Decatur, IA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors who consider factors such as the property's market value, location, and any improvements made. The tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $49,526, Decatur homeowners experience property tax bills that range significantly. The 25th percentile tax bill is $194, while the 75th percentile reaches $1,434, and the 90th percentile goes up to $2,401. In comparison, the national median property tax bill is $2,400, which highlights the variability within Decatur. High property taxes can be a burden for homeowners, impacting affordability and financial planning. This is where Ownwell steps in, offering property tax appeal and exemption services. By analyzing your property's assessment and identifying discrepancies, Ownwell can help reduce your tax bill, ensuring you pay only your fair share and potentially saving you hundreds of dollars annually.

Property Tax Bills Across Decatur, Decatur County, Iowa

Source: Ownwell

$414

$1,019

$1,624

Median Decatur Tax Bill

$722

Median Decatur County Tax Bill

$928

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Decatur, Decatur County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50067	$36	$194	$722	$1,434	$2,401

Source: Ownwell